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Risk taking and information aggregation in groups

Bougheas, Spiros P.; Nieboer, Jeroen; Sefton, Martin - 2015

We report a controlled laboratory experiment examining risk-taking and information aggregation in groups facing a common risk. The experiment allows us to examine how subjects respond to new information, in the form of both privately observed signals and signals reported from others. We find...

Persistent link: https://www.econbiz.de/10010515798

Financial decision-making, gender and social norms in Zambia : preliminary report on the quantitative data generation, analysis and results

Barr, Abigail; Dekker, Marleen; Mwansa, Floyd; Zuze, … - 2020

Province, Zambia, are willing to compromise household-level earnings in order to maintain individual control over money. Wives …, but not husbands, are more likely to compromise household-level earnings in order tomaintain individual control overmoney … against which to evaluate others' behaviour, inform decision-making about maintaining individual control over money at a cost …

Persistent link: https://www.econbiz.de/10012215979

Him or her? : choosing competition on behalf of someone else

Fornwagner, Helena; Pompeo, Monika; Serdarevic, Nina - 2020

We extend the literature on competitive behaviour by investigating environments in which the choice to compete is not made by an individual themselves, but by someone else. Choosing on behalf of others is an integral part of life and gender may be an important factor in shaping the perceived...

Persistent link: https://www.econbiz.de/10012239500

Adriani, Fabrizio; Sonderegger, Silvia - 2014

We study Nature's trade-off when endowing people with the cognitive ability to distinguish between different time periods or different prizes. Our key premise is that cognitive ability is a scarce resource, to be deployed only where and when it really matters. We show that this simple insight...

Persistent link: https://www.econbiz.de/10010356713

Risk taking and information aggregation in groups

Bougheas, Spiros P.; Nieboer, Jeroen; Sefton, Martin - 2014

We report an experiment examining risk taking and information aggregation in groups. Group members come to the table with an individual preference for a choice under risk, based on privately received information, and can share this information with fellow group members. They then make a decision...

Persistent link: https://www.econbiz.de/10010371298

The effects of (incentivized) belief elicitation in public goods experiments

Gächter, Simon; Renner, Elke - 2010

Belief elicitation is an important methodological issue for experimental economists. There are two generic questions: 1) Do incentives increase belief accuracy? 2) Are there interaction effects of beliefs and decisions? We investigate these questions in the case of finitely repeated public goods...

Persistent link: https://www.econbiz.de/10003990218

The effects of (incentivized) belief elicitation in public good experiments

Gächter, Simon (contributor); Renner, Elke (contributor) - 2006

We investigate the impact of eliciting beliefs about the average contribution of other group members in finitely repeated public goods experiments. We find that belief accuracy is significantly higher when beliefs are incentivized. The distribution of beliefs as well as the relationship between...

Persistent link: https://www.econbiz.de/10003375964

Individual-level loss aversion in riskless and risky choices

Gächter, Simon; Johnson, Eric J.; Herrmann, Andreas; … - 2007

Loss aversion can occur in riskless and risky choices. Yet, there is no evidence whether people who are loss averse in riskless choices are also loss averse in risky choices. We measure individual-level loss aversion in riskless choices in an endowment effect experiment by eliciting both WTA and...

Persistent link: https://www.econbiz.de/10003502465

Adriani, Fabrizio; Sonderegger, Silvia - 2019

We use a simple cost-benefit analysis to derive optimal similarity judgments - addressing the question: when should we expect a decision maker to distinguish between different time periods or different prizes? Our key premise is that cognitive resources are costly and are to be deployed only...

Persistent link: https://www.econbiz.de/10012058613